Asset Planning Inc Purchases New Position in DuPont de Nemours, Inc. (NYSE:DD)

Asset Planning Inc purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,701 shares of the basic materials company’s stock, valued at approximately $130,000.

Several other institutional investors have also recently added to or reduced their stakes in DD. Assenagon Asset Management S.A. lifted its holdings in DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares during the last quarter. Franklin Resources Inc. increased its position in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after acquiring an additional 570,703 shares in the last quarter. Zacks Investment Management acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $42,810,000. Two Sigma Advisers LP increased its position in DuPont de Nemours by 48.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after acquiring an additional 461,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in DuPont de Nemours by 164.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock valued at $63,983,000 after acquiring an additional 446,948 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on DD shares. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $85.00 to $89.00 in a research report on Thursday. BMO Capital Markets raised their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company lowered their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Trading Up 3.0 %

Shares of NYSE:DD opened at $84.20 on Friday. DuPont de Nemours, Inc. has a 12 month low of $66.60 and a 12 month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $77.58 and its 200 day simple moving average is $81.11. The firm has a market cap of $35.19 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 1.70 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.